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something for everyone. enjoy it. world news sne.. thanks for joining us. tonight on "world news," sounding the alarm. the stock market sinks again as we learn the economy is grinding to a halt. is the debt stalemate in washington sending the u.s. into another recession. tell washington how to do their jobs. we asked five everyday americans of all political stripes, can they fix the debt mess? see how they do it in under an hour. storm zone, tropical storm don headed for texas. farmers racing to scoop up the cotton ahead of the wind. medical alert. a wake-up call tonight for americans replacing hips and knees. our "persons of ththweek." treasure the people you love in the past in your life today. a new and inspired idea.
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good evening. on this friday, the american economy is signaling real distress as the chaos in washington continues over the debt. new numbers are now triggering worry about another recession. the dow down for the sixth day in a row sliding 581 points since last friday. while the president warned today and warned congresesthat the u.s. is running out of time. >> if we don't come to an agreement, we could lose our country's aaa credit rating. not because we don't have the capacity to pay our bills, we do, but because we don't have a aaa political system to match our aaa credit rating. our team is standing by ready to bring you the latest. we'll begin with bianna golodryga who covers finance and has been monitoring the economic warning signs all day. >> dire signs we got this evening. washington was looking for any sense of urgency to break the
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political impasse. they got it with today's weak numbers. while america and the world waited for action, they once again saw nothing giving them hope. while the clock has been ticking down toward the debt deadline, so too has the stock market. in just the past week, the stalemate in washington has contributed to a total loss of $183 billion in americans' retirement accounts with the average 401(k) losing $4,300. all this why today's numbers show the economy grew by 1.3% during the last three months. a big disappointment, half of what economists say we need to see a drop in the unemployment rate. >> one of the big problem with the jobs picture is the confidence gap. all of the traditional fundamamtals that tend to drive better hiring, none of that has translated into robust job growth. >> reporter: to top it all off, it's not exactly a confidence booster to hear r r the first time the richest cououry in the world is sitting on less cash than apple computer. still despite it all, the
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nation's leaders are locked into the high stakes game of chicken. >> it is maddening to a lot of people, particularly when they watch markets go into a period of volatility driven by what is happening in washington. that affects their pocketbooks on a day to day basis. >> reporter: late night comics are at their wits end too. >> both parties have been acting like children. >> in washington, d.c. our fearless leaders are fighting like a hoard of brides in filene's basement. >> reporter: even china's state run news is describing our debt battles a dangerously irresponsible. bill weissman runs a furniture business in massachusetts and is feeling the firsthand uncertainty of the political gridlock. >> the employees that we've been able to hire have been temporary because we have no idea where the economy is g gng to hit. >> reporter: diane, more and more people i talked to on wall street tell me deal or no deal, at this point america runs a good chance of havininits credit downgraded by at least one major agency. that would be a big hit to
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investments, 401(k)s and even jobs. >> as you said, bianna, the clock is racing toward the deadline. little more than four days away. passions running high. one proposal has just been passed on capitol hill. will this break the log jam though? let's bring in abc's jon karl for the latest. from the capitol at this moment. >> reporter: the house just approved john boehner's bill to raise the debt ceiling. it was a narrow party line vote. he won only after giving into the demands of a handful of conservatives who forced him to make changes that assured the bill's defeat in the senate. for speaker boehner, a painful victory. >> i stuck my neck out a mile to try to get an agreement with the president of the united states. i stuck my neck out a mile. a lot of people can never say yes. this house has acted. it is time for the
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administration and time for our colleagues across the aisle, put something on the table. tell us where you are. >> reporter: he never got that agreement with the president and instead had to put pressure on tea partiers to support his bill. hours of meetings all over the capitol to tell them to get your ass in line. late last night, one of them emerged shaken but not budging. >> how much pressure on you to change your mind on that? >> i am very pleasantly surprised that they are not twisting and ripping arms off, but i simply cannot raise the debt ceiling if we're not going to fundamentally change the way we do business. i just can't vote for it the way it is. >> reporter: tea partiers came to washington vowing to shape the place up and played the central role in this drama. in the end, it was boehner that gave in, agreeing to this five line change, the bottom line, the president would not get a second i irease to the debt ceiling unless congress first passes a balanced budget
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amendment. something virtually nobody thinks this congress will do. with this bill dead on arrival in the senate, the leaders still have to do what they have failed to do, that is come up with a bipartisan compromise to raise the debt ceiling that can actually pass the congress. diane, if they're going to do it by the august 2nd deadline, they better come to a deal by midnight tonight. >> let's head down constitution avenue and go to the white house where jake tapper is standing by. what did they say in response to this and what do they make of the wobbly economic numbers? >> there is concern at the white house about what's going on on the stock market. the economy is very fragile. people at the white house are concerned that house republican leaders just don't understand that what they pass needs to be able to get through a democratic senate. theyeyook at the balanced budget amendment as a real poison pill making sure the bill from speaker boehner will never be adopted in the senate. they are trying to convey some confidence.
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the president today asked by a man who said that he still wanted to play poker with the president. president obama said i have a high stakes game of poker going on right now, trying to project confidence there will be a resolution. there will be a compromise. one reason for that is what one democrat close to the process called theoretical conversations that are goingngn all over town. democrats and republicans theoretically my boss thinks this if the boehner bill goes down. hopefully they say negotiations will begin this evening as jon mentioned. >> only washington would have to call it theoretical conversations in order to have real ones behind the scenes. thank you, jake. as we keep hearing, everyone in the country is so fed up with the political posturing. we had an idea today, to see if five ordinary americans of all political views, includidi tea party, could solve the debt standoff themselves. a little later you'll see how they do it and they do it in under one hour. now we turn next to that
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gusty tropical storm named don closing in on south texas. the rain needed in the parched drought zone but farmers are having to scramble to pick the cotton before the wind tears the plants apart. abc's matt gutman is in corpus christi tonight. matt? >> reporter: with the wind kicking up, they are running out of time. cotton is king in texas. the state's biggest crop cash. it takes 100 days to grow this. the farmers fear from tropical storm don is it will take cotton, rip it off the stock, ruin it. they're sprinting to get the cotton crop in. >> could lose it all if it's bad enough. >> reporter: farmers like david kercher, whose family has worked this land for a century, are frantically pulling tarps over precious harvest, compressing it, working round the clock. all to get the cotton off the plant. is it all hands on deck for you? >> yeah, oh, yeah. you got to get what you can and get out. >> reporter: and praying the
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rain and wind hold off, anything left on the plant. >> it goes into the ground. >> you lose it. >> yeah. you lose it, yeah. >> reporter: but almost everybody else in texas, folks like feed store owner david deirlam, hoping for the just opposite. >> in this case, everybody has been praying for something like this. this is ideally something that could do real good for south texas. >> reporter: a state suffering through its worst drought since records began in 1895, easily dry enough to meet the definition of a desert. in fact, texas would be the world's seventh largest. it seems both sides will get what they don't want. the folks who wanted rain, this is going to bring about one to three inches. the folks who harvested their cotton, it's already picked. diane? >> they are hard at work. thank you, matt gutman. 300 miles to t t north in texas, that u.s. soldier accused of plotting a massive terror attack on troops at ft. hood was in court today. police say 21-year-old private naser abdo had an arsenal of
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explosives and weapons and was about to use them. at his hearing, abdo who is muslim and was raised in texas, was defiant shouting the name of nidal hasan, the man charged with the shooting at ft. hood two years ago. and news for healthy living tonight. about a million of us who under go knee and hip replacement surgery every year. we got troubling news about the failure to test a lot of those devices before the doctor actually uses them. here is abc's lisa stark. >> reporter: katy couldn't agree more with today's call for more rigorous testing of more implants after what happened to her. >> it's just amazing to me that something that doesn't work properly gets approved. >> reporter: katy was shocked to find out something inside her body was being recalled. it turned out her artificial hip was leaking toxins. it had never been tested in people. 10 million americans have an implant. experts are concerned that some
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of them, including hips and heart valves are approved too easily. >> it's really a gamble. you hope that the product you're going to choose or that your doctor is going to choose for you is safe. >> reporter: diana had one of her hips replaced last year. is the bottom line for a patient that you really don't have a way of knowing for certain whether that hip is a good device that's being put into your body? >> unfortunately that is really true. >> reporter: what should you do if you've been told you need an artificial hip or knee? follow the money. find out if your doctor is getting paid by the maker of that device. it's a red flag. companies are required to put payments to doctors on their website. do your homework. find out the safety record of the implant company. the fda keeps records. we put a link on our website, abcnews.com. and finally newer is not always better. is that artificial hip or knee
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new to the market? ask your doctor why it's better than one that has been time tested. while today's recommendations will put pressure on the fda, for now, before you get an implant, try and get some answers. lisa stark, abc news, washington. and we have a program note now, as you know, abc's david muir is the only american anchor reporting from the crisis in africa, the famine affecting more than 11 million people, threatening to wipe out an entire generation. as you've seen all this week on "world news," david took you along the perilous route from somalia to kenya. the mothers sitting under the tree, almost where there was help and hope, and we saw a little girl, skin hanging from her bones, sitting up for the first time, getting better in just three days because someone finally gave her food again. over the weekend, david will continue his reporting and on
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monday will take us to a corner of the world we have not yet seen, one of the epicenters of the famine. that will be david muir reporting in. still ahead tonight, on "world news," the five average americans, tea party supporters who do what politicians won't and solve the debt crisis in under an hour. the royal wedding in britain. right now, you probably haven't heard about this one. and he found a way t tbring your cherished memories back into your life. our "person of the week." ole in, but with advair, i'm breathing better so now i can take the lead on a science adventure. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator, working together to help improve your lung function all day.
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advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, take the lead. ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. with diabetes, it's tough to keep life balanced. i don't always have time to eat like i should. and the more i focus on everything else, the less time i have to take care of me. that's why i like glucerna shakes. they have slowly digestible carbs to help minimize blood sugar spikes, which can help lower a1c. glucerna products help me keep everything balanced. [ golf clubs clanking ] [ husband ] i'm good! well, almost everything. [ male announcer ] glucerna. delicious shakes and bars.
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helping people with diabetes find balance. whose non-stop day starts with back pain... and a choice. take advil now and maybe up to four in a day. or choose aleve and two pills for a day free of pain. way to go, coach. ♪ with listerine® whitening plus restoring rinse. it's the only listerine® that gets teeth two shades whiter and makes tooth enamel two times stronger. get dual-action listerine® whitening rinse. building whiter, stronger teeth. as we know, people from every state, everyday americans have been sounding off on the debt crisis and fed up with the wrangling in congress. we challenged d me of them from every end of the political spectrum to get together in one room and show washington how to get things done. jon karl is back. >> here we are.
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we are going to try to see if the five of you in an hour's time can come up with a solution somehow washington seems utterly incapable of coming up with. >> reporter: with that, we got to work. five americans, views ranging from tea party to liberal democrat. rcould they agree on cuts tallyip tallying tallyi? that would be enough forpre break the stalemate. >> one of the proposals out there is to eliminate the memo mortgage deductions. it would be $1 trillion. >> i think it's not a good idea. for many americans that's the only deduction they have. >> i think we shouldn't be doing anything to disincentivize people from buying houses right now. >> how about raising taxes on the wealthy? eliminap eliminate telimelx eliminap eliminate telime peopr ppeople making up? yyou like that idea? >> yes. >> it'r >> it's np>> i,
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itp it's two professional earning a dual income. >> it's not just smama businesses, it's two professional people earning a dual income. it's not going to hurt the economy. >> this will stop investments. >> that's untrue. >> the bottom line is, if we're five people and if five people can't make one agreement, then that tells you a lot about what's actually going on in the house right now. >> reporter: they kept at it. they agreed on gradually raising the social security retirement age to 68. >> i agree to that. >> we have $70 billion social security retirement age. we have one. on taxes, not raising rates, but closing loopholes. >> i love it. love closing loopholes. >> i'm actually fine with loweringnghe actual percentage but closing the loopholes if that leads to increase revenue. >> reporter: next they cut defense, government salaries and reduced our stockpile of nuclear weapons. >> there's no reason to have that much nuclear weapons.
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we're not going to use it. >> we have plenty left over after we cut 79 billion, plenty of nukes left over. let's cut it. >> reporter: they agreed to end ethanol subsidies, raise the retirement age, reduce annual social security increases. by the time the hour was up, $2.5 trillion in deficit reduction. not bad for an hour's work. >> jon karl and his team showing how it can be done. still ahead, prince william, kate and the queen will be there. have you heard about tomorrow's royal wedding? i switched to advil six months ago. i love golf. but i have knee pain, hip pain, back pain and pain in my hands. advil is definitely my pain reliever of choice. it covers all, and i'm a walking testament. you may not know it to look at me, but i can dance too! [ chuckles ] [ male announcer ] make the switch. take action. take advil.
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♪ it's the end of the road for gas guzzling cars. president obama and the automakers announced an agreement on new fuel economy standards today. new cars will have to average 54.5 miles per gallon by 2025. that's compared to 27 miles per gallon today. the biggest increase ever. the president framed the change as a way to save consumers money and slash oil consumption. the royal wedding in britain you probably have not heard about. queen elizabeth's oldest granddaughter, zara phillips marrying mike tindall tomorrow. you can tell they're low key. the wedding will be nothing like the big ceremony for william and kate. it will not be televised. we have more on that happy ending for happypyfeet. he's the penguin who took the wrong turn and ended up in new
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zealand 2,000 miles from antarctica. our penguin has put on nine pounds and passed all medical tests. we will leleyou know when they launch him and send him home in a few weeks. still ahead, bringing old photos and memories to life. our "person of the week." with an irregular heartbeat called atrial fibrillation, or afib, that's not caused by a heart valve problem. today we have pradaxa to reduce the risk of a stroke e used by a clot. in a clinical trial, pradaxa 150 mg reduced stroke risk 35% more than warfarin. and with pradaxa, there's no need for those regugur blood tests. pradaxa is progress. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding,
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finally, our persons of the week. we've all imagined traveling in time. what if the people you loved years ago could sit in your backyard once again? it brings us to a young man with an inspired idea and abc's john donvan. >> reporter: reminiscence inside a rectangle. that is the story of any old family photo. but one day, looking at albums in the house where he grew up, taylor jones of kitchener, ontario had an odd sort of hunch. what would happen if he revisited the scene of an old photo like this one, his 5-year-old self in a tux by going back to the place it was taken and matching it up, fitting the edges of the world gone by to the world that is
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still here. the result, click, a new photo and an unexpectedly fascinating way to sense time and space the human connections that give them meaning for us. then he did a bunch more pictures and put them online on the site he called dear photograph. >> ever since then, it's been history. >> reporter: from all over the world, people began sending taylor jones their own pictures within a picture, along with captions that while brief, also told complex stories. >> dad never took a picture of me ever. then i notice his reflection in the glass. >> reporter: putting people who have left -- >> dear photograph, grandma loved this beach. >> reporter: -- back in the picture again. dear photograph, can you tell him to turn around? i want to see that cute little baby face again. >> reporter: more than 400,000 visitors from 209 countries. the lion's share of them drawn to the story of robert stamp who
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is now 85 and who was 14 when he fell in love. >> what was it about mom that you fell in love with. >> she had a skirt. >> reporter: they married, grew old and sat down together on a bench and then she died. it was his son jonathan's idea to go back to the bench. click. >> dear photograph, thank you for everything you had. >> reporter: 65,000 people wrote in to say things like this. >> "we are getting ready in september. may we be as happy as your parents were." >> i just enjoy looking at it. it helps me to remember still how my wife smiled. >> reporter: because there they are. then and now. here and there, a lot going on inside that simple rectangle. so we choose taylor jones for his idea. and all those who shared their own photographs and memories with all of us. we're so glad you watched tonight and this week.
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abc news is always there at abcnews.com with the latest news. don't forget "20/20" will be here tonight and so will "nightline." we'll see you right back here on monday. hope you have a great weekend. "nightline." we'll see you right back here on monday. hope you have a great weekend. chaos on capitol hill. the vote that beats the debt clock but doesn't break the deadlock. how dough fault will affect your bottom line. >> guns galore in a san francisco neighborhood turned out the shooting death of a muni fare evader was just the tip of the iceberg. >> we may get to the point november return.
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>> only on 7 tonight the role of mexican drug drug gangs in california pot production. a california watch investigation. >> and an extraordinary piece of contemp rarey art in need of a new home tonight after 70 years in storage. >> and time to put party first is over. time for compromise on behalf of the american people is now. >> by an eight vote margin, house republicans will a -- win approval of a bill to raise the debt ceiling. but it's not the compromise the president demanded. about half an hour ago the senate killed that bill, which means we're back to square one. and with just four days, three hours to go to reach a compromise between parties, they now seem farther apart than ever. >> you can imagine the bay area congressional contingent is unhappy with this.

tv
ABC World News With Diane Sawyer
ABC July 29, 2011 5:30pm-6:00pm PDT

News/Business. Diane Sawyer. The latest world and national news. New. (CC)

TOPIC FREQUENCY Washington 12, Texas 6, Boehner 4, Jon Karl 3, Taylor 3, Diane 2, Matt Gutman 2, Glucerna 2, Obama 2, Fda 2, Pradaxa 2, Britain 2, California 2, South Texas 2, David Muir 2, Bianna Golodryga 1, The American Economy 1, Theyeyook 1, The Nation 1, Jake 1
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